No-H20 Franchise Disclosure Document (FDD)

For analysts, attorneys, journalists, and prospective operators, the No-H20 FDD is primary-source research: a federally required disclosure running hundreds of pages, updated annually. We carry the 2018 edition — available for immediate purchase and download.

Under the Federal Trade Commission's Franchise Rule, No-H20 must furnish a Franchise Disclosure Document (FDD) to prospective franchisees and update it annually. The FDD is organized into 23 Items that describe the franchisor, its fees and the estimated cost to open, the parties' obligations, territory, financial performance representations where made, system size, and the company's financial statements.